H World Group (NASDAQ:HTHT) Raised to Buy at Wall Street Zen

H World Group (NASDAQ:HTHT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

HTHT has been the subject of a number of other reports. Benchmark restated a “buy” rating on shares of H World Group in a report on Tuesday, August 18th. Zacks Research lowered H World Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Weiss Ratings raised H World Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, H World Group presently has an average rating of “Moderate Buy” and an average target price of $61.20.

H World Group Stock Performance

NASDAQ:HTHT opened at $45.77 on Friday. H World Group has a 12 month low of $36.48 and a 12 month high of $56.63. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.63 and a beta of 0.15. The company has a quick ratio of 1.20, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $43.63 and its 200-day moving average is $47.22.

H World Group (NASDAQ:HTHT) last posted its quarterly earnings data on Monday, August 17th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.04. H World Group had a net margin of 18.90% and a return on equity of 41.05%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $998.88 million. Equities analysts anticipate that H World Group will post 2.6 EPS for the current year.

Institutional Trading of H World Group

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in shares of H World Group by 11.2% in the first quarter. AQR Capital Management LLC now owns 9,319 shares of the company’s stock valued at $338,000 after buying an additional 936 shares during the period. Norges Bank bought a new position in H World Group during the second quarter valued at about $888,000. EverSource Wealth Advisors LLC raised its holdings in H World Group by 81.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,450 shares of the company’s stock valued at $49,000 after acquiring an additional 649 shares in the last quarter. First Trust Advisors LP acquired a new position in H World Group in the 2nd quarter valued at approximately $2,881,000. Finally, Jump Financial LLC bought a new stake in shares of H World Group in the 2nd quarter worth approximately $651,000. 46.41% of the stock is owned by institutional investors.

H World Group Company Profile

H World Group, formerly known as Huazhu Group, is a leading hotel management and franchising company primarily serving the China market. The company operates a broad portfolio of midscale to luxury hotel brands, including Hi Inn, Blossom, Manxin, Madison International, Joya, Grand Mercure, Novotel, Mercure and ibis. Through a network of both directly managed and franchised properties, H World Group caters to business and leisure travelers by offering consistent service standards and loyalty benefits across its brands.

In addition to its core hotel operations, H World Group provides technology-driven hospitality solutions such as centralized reservation systems, revenue management platforms and customer relationship management tools.